š„ SHELL/USDT IS STRONG ā REAL BREAKOUT OR JUST A RETRACE Looking at the SHELL/USDT 1-day chart, this coin is showing a fairly notable signal: the price has bounced strongly from a long accumulation zone and is now approaching an important resistance area.
š Data on the chart:
Current price: 0,0277 USDT
24H: +5,32%
24H high: 0,0282
24H low: 0,0262
7 days: +37,13%
30 days: +16,39%
90 days: +28,84%
Nearest bottom on the chart: 0,0174
š The most notable point: STRUCTURE IS IMPROVING
SHELL price is currently above all 3 MA lines:
MA7 = 0,0246
MA25 = 0,0225
MA99 = 0,0214
This shows short- and mid-term momentum is tilting in a positive direction.
In particular, the price has escaped the sideways range around 0,021ā0,023 and is moving toward 0,0282.
šÆ 0,0282 is the first zone to watch.
If the price can break above this zone and stay above it with increasing trading volume, the market may start paying attention to the next resistance zones around:
ā”ļø 0,0336
ā”ļø 0,0395
ā”ļø The old peak zone is around 0,0440. š„ A TRADERāS SCENARIO NEEDS TO BE WATCHED
Scenario 1 ā Breakout:
SHELL breaks 0,0282, closes the daily candle above it, and volume continues to improve ā it could open up the possibility of testing higher levels.
Scenario 2 ā Rejected:
The price canāt break above 0,0282 and drops back down ā watch how it reacts at 0,0246.
Scenario 3 ā Deep pullback:
If it loses 0,0246 and then continues to lose the 0,0225ā0,0214 zone, the short-term uptrend structure will weaken significantly.
š” What I pay attention to most isnāt that SHELL has risen 37% in 7 days.
Itās this:
Does SHELL flip the zone 0,0282 from RESISTANCE to SUPPORT?
Thatās the important test.#SHELL $SHELL

